After the Pahalgam terror attack, India destroyed the terrorist bases in Pakistan under the ‘Operation Sindoor’, causing a huge upheaval in Pakistan. This attack of the Indian Army has increased tension between the Pakistani government and the army. Along with this, this action has also had a profound impact on Pakistan’s economy, and its signs have been seen in the Pakistani stock market, where there was a huge decline.
On Thursday, Pakistan’s stock exchange declined by more than 6 percent, after which the trading was stopped. Since April 22, the Karachi Stock Exchange 100 Index (KSE-100) has fallen by 13 percent, which has come down from 1,18,430 to 1,03,060. At the same time, other major indices such as KSE-30 also saw a decline of 14.3 percent.
Pakistan’s economic condition is getting worse from bad to worse, as the country has only $ 15 billion foreign exchange reserves. This figure is testifying to Pakistan’s economic crisis, and the government of the country is now repeatedly pleading with the IMF for a loan.
In addition, India has taken military action as well as other tough steps, including postponing the Indus Water Agreement. The cancellation of this agreement may cause Pakistan’s industry to face severe water scarcity, which can prove to be more pressure on the economy there.
In ‘Operation Sindoor’, India targeted 9 Pakistan terrorist bases, killing a large number of terrorists. This action of the Indian Army has an atmosphere of fear among the terrorists in Pakistan, and their activities have also been controlled.
Political and economic instability in Pakistan has deepened since this military action, and its widespread response is being felt all over the world.
